Senior Project Accounting Analyst

at STV INC in Chicago, Illinois, United States

Job Description

STV is seeking a Senior Project Accounting Analyst for our Chicago, IL office. This position is designated as hybrid (3 days week/in office).

Reporting to the Project Analyst Lead, the Senior Project Analyst will actively engage in portfolio- based project accounting and analysis of financial performance of their assigned projects. Under minimal supervision, the project analyst works with the project manager and other project accounting staff to monitor financial performance and is responsible for entire project lifecycle project accounting and adherence to company policies and procedures.

Duties & Responsibilities:

Maintain an individual project portfolio that includes a mix of medium to high complexity projects
Partner with the Project Manager and project team during the pre-contract/pursuit phase by providing accurate salary rates for pricing proposals and to establish the project budget, update of budgets, and making project accounting recommendations as needed
Review and provide input to the margin analysis drafting and review process
Review of all contracts, modifications, supplements, amendments, and task orders including review of terms of compensation, contract terms, reporting requirements, invoice formats, invoicing frequency, supporting document requirements, and approved billing amounts and coordinate with Contract Administrator for proper adherence to document control procedures
Provide executed subcontract agreement(s) and/or modifications to Contracts Administration team and manage subconsultant financial requirements for the project which includes assisting in problem solving issues relating to PO, corrections needed to invoice, and ensuring prompt payment to our SBE/DBE firms
Review and monitor project financial performance on a regular basis. Perform detailed analysis, as needed, regarding revenue recognition, WIP status, overhead adjustments, variances, burn rate analyses, estimates to complete, etc. as required
Facilitate appropriate revenue recognition including recommending interim write-offs or markup adjustments, and closeout windfalls or write-offs
Analyze work in process (WIP) prior to billing each month to minimize the potential for over-recognition of revenue. Informs Billing Supervisor or updates comments in WIP database indicating billing priorities and/or status of billing based on information gained from PM or in Project Reviews. Review WIP against monthly billings
Create and maintain any off-line spreadsheets or other financial reports as required in the contract and collaborate with PM/APM to compile and present monthly reports on project financial status including key performance indicators (such as WIP, AR, Burn Rates, Revenue Recognition, etc.) in preparation for monthly project review or as requested
Participate in client and internal project meetings (as necessary), these may includeregular meetings with PM, APM or project team in regard to estimate to complete, other project financial status meetings, and meetings with Operations Directors per the Monthly Project Review procedure
Provide support in internal and external audits, including Client Audits of Overheadresulting in an adjustment or payment. Coordinate with billing team in creating an OH adjustment invoice as needed
Coordinate and collaborate with Billing Specialist(s) to ensure proper and timely invoicingper contract terms. May be responsible to submit the invoice to the client
Work with Project Accounting Support Specialists to execute some tasks which willinclude providing clear direction and review of requested items
Work with multiple project managers and staff on a regular basis
Mentor and share knowledge with colleagues within the project accounting team
Perform additional responsibilities as required by business needs

Qualifications & Experience:
Entry level classification with bachelor's degree in accounting, Finance or Business preferred (or equivalent working knowledge/experience in Accounting or Finance)
A minimum of 8+ years of related experience
Strong planning, organizational and communication skills
Strong proficiency in Microsoft Excel required
Experience in the A/E/C industry preferred

Compensation Range:$81,052.00 - $108,069.00

Don't meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At STV, we are fully committed to expanding our culture of diversity and inclusion, one that will reflect the clients we serve and the communities we work in, so if you're excited about this role but your past experience doesn't align perfectly with every qualification in the job description we encourage you to apply anyways. You may be just the right candidate for this or other roles.

STV offers the following benefits * Health insurance, including an option with a Health Savings Account * Dental insurance * Vision... For full info follow application link.